Next-generation wildfire data and risk models allow insurers to pinpoint localized wildfire risk and identify mitigation strategies to lower the propensity for loss.
Insureds who use digital tools for claims reporting see faster claim times overall, but J.D. Power found that this hasn't helped overall satisfaction among those customers.
Severe weather events are forcing an unprecedented shift in the insurance industry, as the instances of extreme events like, severe convective storms, hurricanes and wildfires gain in frequency and severity.